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2017-11-29 16:17:05

UPS

UPS

$119.06

3.87 (3.36%)

16:17

11/29/17

11/29

16:17

11/29/17

16:17

UPS appoints Scott Price as Chief Transformation Officer

UPS (UPS) announced Scott Price will join the company as Chief Transformation Officer, effective December 11. He will also join the UPS Management Committee, the company's senior-most leadership group. Price is currently executive VP, Global Leverage for Walmart (WMT).

B. Riley analyst Kevin Liu believes Amazon.com's (AMZN) plans to expand its Seller Flex program more broadly in 2018 following a two-year pilot in India and testing in West Coast states, as reported yesterday by Bloomberg, is unlikely to impact Stamps.com (STMP). The Seller Flex program Seller Flex arranges for the pickup and delivery of merchandise from the seller's distribution facility, which could potentially impact volumes currently routed through the major domestic carriers, Liu tells investors in a research note. He believes FedEx (FDX) and UPS (UPS) have the most to lose given their exposure to large shippers. The analyst sees "little risk at present" to Stamps.com given that Seller Flex is targets merchants with a "far greater" assortment, order volumes, and logistical footprint than is typically targeted by the company's various brands. Liu reiterates a Buy rating on Stamps.com with a $250 price target.

10/06/17

BARD

10/06/17NO CHANGEBARD

Amazon implications negative for FedEx, UPS, says Baird

Baird analyst Benjamin Hartford noted reports Amazon (AMZN) is testing its own final mile delivery service in the U.S. and he believes it is a logical extension of its model as it builds network density. The analyst believes the implications for parcel providers FedEx (FDX) and UPS (UPS) are negative, as it could put pressure on delivery rates and volume may be diverted from both. Hartford continues to rate FedEx with an Outperform and $235 price target and UPS remains Neutral rated with a $125 price target.

10/12/17

FBCO

10/12/17NO CHANGETarget $116FBCONeutral

UPS price target raised to $116 from $108 at Credit Suisse

Credit Suisse analyst Allison Landry raised her price target for UPS to $116 from $108 on valuation. The analyst reiterates a Neutral rating on the shares.

11/13/17

GSCO

11/13/17INITIATIONTarget $148GSCOConviction Buy

UPS initiated with a Conviction Buy at Goldman Sachs

Goldman Sachs analyst Matt Reustle initiated UPS with a Conviction Buy and $148 price target. The analyst started the Rails sector with a Cautious coverage view and the Airfreight/Logistics sector with an Attractive coverage view. He believes cross-border e-commerce could represent over 50% earnings upside for UPS through the end of the decade. Reustle views UPS as a "unique opportunity" with a short-term catalyst around peak season and a long-term secular theme around e-commerce.

Snap Inc. (SNAP) is banning ads of initial coin offerings in its Snapchat app, Cheddar reports, citing a company spokesperson. The decision makes Snapchat the latest social media platform to prohibit advertisements for cryptocurrency ICOs, the report says. In contrast to Facebook (FB) and Google (GOOG), however, Snap's current block of ICOs has been in effect since early February and does not apply to different kinds of cryptocurrency ads, the report says. Reference Link

Airbus (EADSY) is mulling making a freighter version of its slow-selling A330neo widebody, spurred by requests from potential customers Amazon (AMZN) and UPS (UPS), Bloomberg reports, citing people familiar with the matter. The interest from Amazon and UPS could incite a competition between Airbus and rival Boeing (BA) as the worldwide air-cargo market rebounds from a slump, the report notes.

Facebook's chief information security officer, Alex Stamos, will leave the company after internal disagreements over how the social network should deal with its role in spreading disinformation, The New York Times reports, citing current and former employees briefed on the matter. Reference Link

Amazon has considered the possibility of expanding its retail footprint by acquiring some stores from bankrupt Toys 'R' Us, Bloomberg reports, citing people with knowledge of the situation. The e-commerce giant is not interested in maintaining the Toys 'R' Us brand, but has mulled using the soon-to-be-vacant stores for its own purposes, the report says. Reference Link

President Trump is readying to place a package of $60B in annual tariffs against China, following through on a long-time threat that he claims will punish China for IP infringement and create more jobs in the U.S., the Washington Post reports. The tariff package, which the president intends to unveil by the end of the week, was confirmed by four senior administration officials, the report notes. Senior aides has presented Trump with a $30B tariff package that would apply to a variety of products, but the president directed them to approximately double the amount of new trade levies, the report says. The package could be applied to over 100 products, which the president contends were made by using trade secrets that the Chinese stole from U.S. companies or forced them to hand over in exchange for market aces, the report says. Reference Link